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7444 Pendleton Pike
Indianapolis, IN 46226
Asking Price
$700K
Asset Type
Residential Retail
Class
Class B
What's Special
C4 Zoning - Hard Corner - 30k VPD <ul><li>Direct frontage to Pendleton Pike (30,000 VPD), primary retail corridor in the area.</li><li>Immediate Value Add Opportunity on Desirable Hard Corner</li><li>Commercial zoning allows for a variety of uses, ideal for QSR, Gas Station, Car Wash, or other retail development.</li><li>Located directly off I-465 exit ramp.</li><li>Across the freeway from Menard's, the dominant home improvement retailer for the region</li><li>High traffic volume from Pendleton Pike and immediate proximity
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NOI
$80,000
Cap Rate
11.43%
DSCR
1.92
Strong
Cash-on-Cash
18.31%
Monthly Payment
$3,463.218
Annual Cash Flow
$38,441.383
